A fast-food franchise is considering building a restaurant at a busy intersection. A financial advisor determines that the site is acceptable only if, on average, more than 300 automobiles pass the location per hour. If the advisor tests the hypotheses H₀: μ ≤ 300 versus H_A: μ 300, μ stands for ________. A) the average number of automobiles that pass the intersection per hour B) the number of automobiles that pass the intersection per hour C) the proportion of automobiles that pass the intersection per hour D) the standard deviation of the number of automobiles that pass the intersection per hour

Question

A fast-food franchise is considering building a restaurant at a busy intersection. A financial advisor determines that the site is acceptable only if, on average, more than 300 automobiles pass the location per hour. If the advisor tests the hypotheses H₀: μ ≤ 300 versus H_A: μ > 300, μ stands for ________. A) the average number of automobiles that pass the intersection per hour B) the number of automobiles that pass the intersection per hour C) the proportion of automobiles that pass the intersection per hour D) the standard deviation of the number of automobiles that pass the intersection per hour

Quizplus · Accepted Answer

μ represents the population mean, which in this scenario refers to the average number of automobiles that pass the intersection per hour.

A Fast-Food Franchise Is Considering Building a Restaurant at a Busy